Grovest Tech (GroTech) has re-opened its fund to raise an additional R38m by way of an issue of 38,000 no par value ordinary shares at an issue price of R1,000 per ordinary share.
There is an anticipation that deal making in the oil & gas sector will grow in Africa, Claire Lawrie, EY Africa Energy Lead, has said.
South Africa’s current market conditions and the compelling value offering of infrastructure assets will further encourage pension funds to consider allocation to this asset class, according to Mark van Wyk, Head of Unlisted Investments at Mergence Investment Managers.
Development Partners International (DPI) has invested through its ADP II fund, EGP300m ($33.77m) in B.TECH, Egypt’s household appliances and consumer electronics retailer.
Silvertree Internet Holdings, an operating and holding company for early and mid-stage tech businesses targeting African consumers, has invested in South African online pet food and accessory store Pet Heaven.
The Carlyle Group is working on a number of interesting opportunities for its African fund, according to Marlon Chigwende, Managing Director and Co-Head of the Carlyle Sub-Saharan Africa Fund.
Ethos Capital is looking to raise up to R2bn ($139.17m) through a private placement on the main board of the Johannesburg Stock Exchange (JSE) in August.
HAVAIC Limited Partners, the venture capital arm of HAVAIC Holdings South Africa, has invested in Digital Cabinet, a cloud solutions and digital post technology company, by way of a convertible note instrument.
Novare Africa Property Fund II, has announced its final close, raising $350m (R5.25bn) for investment in a portfolio of new developments in, amongst others, Nigeria, Zambia and Mozambique.
Oando, Nigeria’s indigenous energy group, listed on both the Nigerian and Johannesburg Stock Exchange, has announced a $210m recapitalization of its downstream operations by HV Investments II B.V., a joint venture owned by Helios Investment Partners and the Vitol Group.
TLG Credit Opportunities Fund (COF) has invested an undisclosed amount in Homestrings, a diaspora crowdfunding platform for frontier and emerging markets.
WDB Investment Holdings and Grovest, South Africa’s first venture capital company, have invested in Seed Engine, an ICT accelerator that equips entrepreneurs with the skills they need to create, grow and build their businesses.
Metier Capital Growth Fund II is hoping to have a final close in the next month and a half, according to J-P Fourie, Head of Investor Relations at Metier.
Wendel, a French investment company, has announced its first investment in the African shopping malls sector by acquiring a 40% stake in SGI Africa, alongside the CFAO group.
